M&As
Mars snaps up premium whole-fruit snacking brand Trü Frü
Mars, Incorporated has acquired better-for-you, whole-fruit snacking brand Trü Frü for an undisclosed amount, the confectionery giant has announced.
Archives for December 21, 2022
Protein-based biopolymers as cultured meat scaffold: ‘The material is affordable, animal-free, scalable and edible’
A consortium of Dutch businesses and academia have launched a five-year research project examining the use of protein-based biopolymers for potential food and healthcare applications. The outcome could have a significant impact on the cultured meat...
News in brief
Bunge invests $550 million in new protein concentrate facility
Agribusiness giant Bunge has announced it will invest approximately $550 million to build a new soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility to meet rising customer demand for plant-based ingredients.
The 'college diet': Soup sales surge as shoppers seek affordable meals and comfort
Soup season is in full swing as temperatures across the country drop and cold and flu cases rise. But staying warm and reinforcing their reserves when sick aren’t the only reasons sales of soup are up significantly this year over last, according to new...
Iron supplementation ‘is beneficial for intelligence’: Meta-analysis
Iron intake was shown to have a positive effect on intelligence scores in children and adolescents from low- and middle- income countries (LMICs), in a new meta-analysis and systematic review.
Brick Meets Click: Online grocery shoppers focus on pricing as sales dip 10% in November
Persistent price inflation weighed on the online grocery business in November, driving a 10% drop in online grocery sales to $7.7bn compared with the year prior, according to a survey from Brick Meets Click/Mercatus.
2022 in review: Rampant inflation, the end of the honeymoon period for plant-based meat, and added sugar under attack
With surging inflation and continuing supply chain disruptions, 2022 has been another challenging year for the nation’s food and beverage manufacturers. Here are some of the highlights (and a few low lights) and a look ahead to 2023.
Nestlé’s budget-friendly innovation strategy: ‘We are faster now than many of the startups”
No longer a lumbering giant when it comes to R&D, Nestlé significantly increased its number of new product launches and number of patents in priority areas by simplifying its innovation process, fostering an entrepreneurial culture and collaborating with...
Growth in non-chocolate candy is outpacing all other confectionery market segments, says NCA report
As 2022 draws to close on what has been a challenging year for many industries, chocolate and candy continues to buck the trend in the US, according to a new report by the National Confectioners Association (NCA) that reveals non-chocolate candy is a...
Seasonal
Frankford Candy celebrates milestone with Christmas gifts
Frankford Candy, the leader in manufacturing and marketing licensed confections and gifts, is celebrating its 75th anniversary with a Christmas holiday giveaway for fans.
Analyst reaction to transaction
Mondelēz sells part of gum business to rival Perfetti Van Melle for $1.3bn
Mondelēz International has announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Italian-Dutch company, and European rival, Perfetti Van Melle Group for $1.350bn.
'Cocoa used to be in a fruit on a tree. Through technology we make it in a cell mass in a bottle...'
Lab-grown cocoa? Celleste Bio backs plant cell culture to solve ‘chocolate supply crisis’
Israeli start-up Celleste Bio is building momentum to disrupt the chocolate supply chain… by growing cocoa in a lab.
'People want better-for-you versions of their favorite comfort foods...' The rise and rise of CAULIPOWER
While the plant-based meat category has experienced a recent slowdown in growth, demand for plant-based versions of traditional comfort foods is increasing, says cauliflower crust pizza pioneer CAULIPOWER, which has thus far weathered the inflationary...